Mobileye Global Inc. $MBLY Stock Position Cut by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 40.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after selling 50,000 shares during the period. New Age Alpha Advisors LLC’s holdings in Mobileye Global were worth $783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its position in Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after buying an additional 1,495 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Mobileye Global during the 1st quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mobileye Global during the 2nd quarter valued at about $31,000. Financial Management Professionals Inc. bought a new position in shares of Mobileye Global during the 4th quarter valued at about $32,000. Finally, Leonteq Securities AG bought a new position in shares of Mobileye Global during the 4th quarter valued at about $33,000. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MBLY. Mizuho raised their price objective on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Berenberg Bank lowered shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price objective for the company. in a research report on Thursday, May 21st. Tigress Financial restated a “buy” rating and set a $25.00 price objective on shares of Mobileye Global in a research report on Thursday, January 29th. Finally, TD Cowen raised their price objective on shares of Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.77.

Mobileye Global Price Performance

Shares of MBLY opened at $10.16 on Thursday. Mobileye Global Inc. has a one year low of $6.47 and a one year high of $20.18. The company has a 50-day moving average of $8.37 and a two-hundred day moving average of $9.58. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of -2.02 and a beta of 1.06.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The company had revenue of $558.00 million during the quarter, compared to analysts’ expectations of $519.34 million. During the same period last year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. Analysts anticipate that Mobileye Global Inc. will post -0.07 earnings per share for the current year.

Mobileye Global declared that its Board of Directors has approved a stock repurchase program on Thursday, April 23rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.